Dana Investment Advisors Inc. Buys 20,558 Shares of Flushing Financial Co. (NASDAQ:FFIC)

Dana Investment Advisors Inc. increased its holdings in Flushing Financial Co. (NASDAQ:FFIC - Free Report) by 5.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 426,060 shares of the bank's stock after buying an additional 20,558 shares during the period. Dana Investment Advisors Inc. owned 1.27% of Flushing Financial worth $6,084,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in FFIC. R Squared Ltd acquired a new stake in Flushing Financial during the fourth quarter worth about $28,000. Nisa Investment Advisors LLC boosted its position in shares of Flushing Financial by 4,000.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,050 shares of the bank's stock worth $30,000 after acquiring an additional 2,000 shares in the last quarter. US Bancorp DE increased its stake in Flushing Financial by 496.0% in the fourth quarter. US Bancorp DE now owns 3,725 shares of the bank's stock valued at $53,000 after acquiring an additional 3,100 shares during the last quarter. New York State Common Retirement Fund raised its position in Flushing Financial by 27.8% during the fourth quarter. New York State Common Retirement Fund now owns 6,434 shares of the bank's stock valued at $92,000 after purchasing an additional 1,400 shares in the last quarter. Finally, FMR LLC lifted its position in shares of Flushing Financial by 64.1% during the 3rd quarter. FMR LLC now owns 7,259 shares of the bank's stock worth $106,000 after buying an additional 2,836 shares during the last quarter. 67.10% of the stock is currently owned by institutional investors.

Remove Ads

Flushing Financial Stock Performance

Shares of FFIC stock traded down $0.51 on Monday, hitting $13.03. 348,810 shares of the stock were exchanged, compared to its average volume of 212,918. The firm's 50 day moving average is $14.41 and its two-hundred day moving average is $15.08. The firm has a market capitalization of $438.58 million, a PE ratio of -12.90 and a beta of 0.79. Flushing Financial Co. has a one year low of $10.74 and a one year high of $18.59. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.27.

Flushing Financial (NASDAQ:FFIC - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The bank reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.07). Flushing Financial had a positive return on equity of 3.25% and a negative net margin of 6.46%. Sell-side analysts expect that Flushing Financial Co. will post 1.2 earnings per share for the current fiscal year.

Flushing Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.75%. The ex-dividend date of this dividend is Friday, March 14th. Flushing Financial's dividend payout ratio is presently -87.13%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Flushing Financial from a "hold" rating to a "sell" rating in a research report on Friday, January 31st.

About Flushing Financial

Flushing Financial Corporation operates as the bank holding company for Flushing Bank that provides banking products and services primarily to consumers, businesses, and governmental units. It offers various deposit products, including checking and savings accounts, money market accounts, non-interest bearing demand accounts, NOW accounts, and certificates of deposit.